United Kingdom: Economy

Economic Trivia

The UK produces about 60% of food needs with less than 2% of the labor force.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): Germany, United States, and China
Top 3 Exported Goods (2014): Industrial Machinery, Oil & Mineral Fuels, and Motor Vehicles & Parts

Top Industries Source: CIA World Factbook

Machine Tools; Electric Power Equipment; Automation Equipment; Railroad Equipment

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $2,597,421,223,925 (2014)
GDP Growth Rate (annual %) 2.94% (2014)
GDP Per Capita, PPP (current international) $40,233 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 10/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 1.46% (2014)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 32% (2015)
Real Interest Rate (5 year average %) -1.243% (2014)
Manufacturing, value added (% of GDP) 10.615% (2014)
Current Account Balance (BoP, current US$) ($151,882,199,069) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 32,994,128 (2014)
Employment in Agriculture (% of total employment) 1.1% (2014)
Employment in Industry (% of total employment) 18.9% (2014)
Employment in Services (% of total employment) 79.1% (2014)
Unemployment Rate 6.3% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $904,551,918,628 (2014)
Exports of goods and services (current US$) $847,730,597,974 (2014)
Total Merchandise Trade (% of GDP) 39.808% (2014)
FDI, net inflows (BoP, current US$) $45,456,617,379 (2014)
Commercial Service Exports (current US$) $357,626,370,078 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, United Kingdom’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary